M&A Deal Summary

Genesis Marine Acquires Hornbeck Offshore Transportation

On August 29, 2013, Genesis Marine acquired transportation company Hornbeck Offshore Transportation from Hornbeck Offshore Services for 230M USD

Acquisition Highlights
  • This is Genesis Marine’s 1st transaction in the Transportation sector.
  • This is Genesis Marine’s largest (disclosed) transaction.
  • This is Genesis Marine’s 1st transaction in the United States.
  • This is Genesis Marine’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2013-08-29
Target Hornbeck Offshore Transportation
Sector Transportation
Buyer(s) Genesis Marine
Sellers(s) Hornbeck Offshore Services
Deal Type Divestiture
Deal Value 230M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Hornbeck Offshore Transportation

Covington,, Louisiana, United States
Hornbeck Offshore Transportation, LLC owns and operates a fleet of ocean- going tugs and ocean-going tank barges which transport crude oil and refined petroleum products.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Genesis Marine

Houston, Texas, United States
Category Company
Founded 2004
Sector Marine
DESCRIPTION

Genesis Marine, LLC engages in the marine transportation of crude oil and refined petroleum products.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Hornbeck Offshore Services

Covington, Louisiana, United States

website

Category Company
Founded 1997
Sector Transportation
Employees1,009
Revenue 212M USD (2018)
DESCRIPTION

Hornbeck Offshore Services is a provider of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. Hornbeck Offshore Services was founded in 1997 and is based in Covington, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Maritime Administration - Three High-Spec Offshore Supply Vessels

Washington, District of Columbia, United States

Maritime Administration's Three High-Spec Offshore Supply Vessels provide technologically advanced, new generation offshore service vessels.

Buy -
Mergr

Product

Company

Legal